Today Was A Good Day

But, not great. I had numerous wins in my arsenal: GOOG, AAPL, C, UYG, WTI, CLNE, & FCX. I decided to keep my LM short due to my positions in UYG & C. And, also decided to put on another MELI short going into the close, mainly because it was up 36% today.

There’s no way I want to go 100% long here, sure it looks like this thing to do on a day like today, but remember how fast this market can turn on you.

If you review the setups I put on the blog last night, you will see most played out well. I was able to catch a point MSFT, the others just gapped up too much for me at the open.

Look for more setups on the blog tonight.

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Sold MSFT @ 21.18, intraday trade

Sold YHOO @ 12.45, swing long

Trying to short this MELI again @ 15.94.

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Hat tip goes to Gio.

Short MELI @ 14.70, very tight leash, stop at 14.85

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WTI @ 11.48

MSFT @ 20.35

Update: Sold WTI @ 11.77 from buy this morning. Oil looks to be breaking down here.

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#1 (SSO)

For the simple investor looking to catch some upside in the market, try SSO. This is leveraged ETF that measure the S&P 500, take a look at the downtrend breakout:

# 2 UYG, and the financials.

Going trough the components in the devil’s own UYG, many stocks in the fund are poised to breakout. The follow are my favorites:

(C)

(V)

(WFC)

Short Squeeze potential in (LM), this one could run higher:

#3 China

Look for China to breakout here via FXI:

#4 Tech

I like AAPL above 96.50:

(MSFT) looks to break downtrend:

I like (SIGM) above $9.50:

#5 Telecom

I’m starting signs of leadership from this sector, watch for a breakout in (VZ):

Bonus: (WAG) looks great if it can trade & stay above $26:

Don’t forget to check out setups @ The Art of Trading. Also, check out Ripe Trader’s blog, he has an excellent post on pivot points.

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Gas is so cheap, I’m off for a ride. When I return I will bring you plenty of coin for the coming week via My top ten list, in video format.

There are a lot of great setups forming everywhere, this could be a breakout week (I think I hear Santa coming). Off to New Orleans.

Note: This is some Depression we’re in, my favorite hotel is booked, not to mention I waited an hour at eat at my favorite restaurant last night. But, then again I live in a region built on oil. I guess it’s only a matter of time before we get Merc’d.

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